Manila

EIH Ltd plans to build new hotels in Pune and London, while facing a legal family dispute over the company.

The Hotel Management Contract Survey 2024 by JLL and Baker McKenzie found that the average term of hotel management agreements in Asia Pacific increased to 17.4 years, with varying durations by market, declining base fees, rising sales and marketing fees, and a growing focus on performance-based incentive fees and termination provisions.

IHG Hotels & Resorts is expanding its presence in Thailand by introducing its new brand, Garner, and aiming to double its hotel portfolio in the country.

Alliance Global Corp plans to spend nearly $170 million this year, mainly on upgrading facilities at Newport World Resorts and developing Westside City.

Accor Greater China announced a dual-branded project on Banping Island in Wenzhou, featuring the debut of Peppers Edge and an MGallery luxury resort, both opening in late 2027.

Tycoon Manuel Villar Jr. plans to open his first casino in Manila by 2025, investing $1 billion in two integrated casino resorts, with the first located at Vista Mall Global South in Las Pinas and the second in the Villar City development.

Hilton's Doubletree by Hilton brand has surpassed 100 properties in the Asia Pacific region, with significant expansions in Indonesia, Japan, India, and China, and plans for nearly 80 more properties to support their goal of exceeding 1,000 hotels in the region next year.

Alongside a relatively strong projected occupancy rate this summer, one of Macau’s most notable hotel failures has reopened its doors despite bankruptcy.

International visitor arrivals to Vietnam increased by 58.4% to over 8.8 million in the first half of 2024, with South Korea being the largest source market.

Hilton will increase investment in China, continuing rapid expansion as their fastest-growing international market with 671 hotels and a strong pipeline of new properties.